Camden National Corporation Announces its First Quarter 2025 Dividend

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Camden National (NASDAQ: CAC) has declared a quarterly dividend of $0.42 per share, as announced by President and CEO Simon R. Griffiths. Based on the company's closing stock price of $42.01 on March 24, 2025, this quarterly distribution represents an annualized dividend yield of 4.0%. The dividend will be paid on April 30, 2025, to shareholders of record as of April 15, 2025.

Positive

Maintains quarterly dividend payment of $0.42 per share
Offers attractive 4.0% annualized dividend yield

Negative

None.

News Market Reaction

-0.10%

1 alert

-0.10% News Effect

On the day this news was published, CAC declined 0.10%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

03/25/2025 - 04:10 PM

CAMDEN, Maine, March 25, 2025 /PRNewswire/ -- Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ: CAC; the "Company"), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share. This quarterly payout results in an annualized dividend yield of 4.0% based on the March 24, 2025 closing price of the Company's common stock at $42.01 per share as reported by NASDAQ. The dividend is payable on April 30, 2025 to shareholders of record on April 15, 2025.

About Camden National Corporation

Camden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with approximately $7.0 billion in assets. Founded in 1875, Camden National Bank has 73 branches in Maine and New Hampshire and is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service.* Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.

Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.

* Total assets and branch data reflect the completion on January 2, 2025, of Camden National Corporation's previously announced merger with Northway Financial, Inc.